Situation Changing, page-9

The window of opportunity is now for cash rich companies to pick up bargains.
We are next, nothing surer.

The acquisition would complement Woodside's growth strategy and leverage its deepwater and LNG capabilities, chief executive Peter Coleman said.
The cash-rich company finds itself in a better position than debt-laden peers who have struggled amid the price downturn, and has been looking out for acquisition opportunities even as competitors are retreating from international acreage.
It snapped up ConocoPhillips' stake in three deepwater oil blocks off the coast of Senegal in July for $US350 million. It has also been looking at options to develop its recent gas discoveries in Myanmar.